Home South Africa News Vincent Smith defends R600 000 loan from Angelo Agrizzi

Vincent Smith defends R600 000 loan from Angelo Agrizzi

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Vincent Smith

Former African National Congress (ANC) MP Vincent Smith – who was also the chairperson of the Correctional Services committee – on Friday was at the state capture commission of inquiry to testify on the more than R500,000 he received from Bosasa. Smith resigned after the news came to light.

Vincent Smith

But he said that he had entered into an agreement for a personal loan with former Bosasa COO Angelo Agrizzi and he disclosed that the money was processed in two separate payments of R220,000 in 2015 and R395,000 the following year.

According to him, he used the money to pay for the university tuition fees for his daughter. But Deputy Chief Justice Raymond Zondo wanted to hear more.

In other news – South African Film starring the late Candy Moloi & Charles Maja scoops international award

Bogoshi Bjaka, a film starring late actors Charles “Big Boy” Maja and Candy “Vho Makhadzi” Moloi recently scooped two coveted international awards at the Crown Wood International Film Festival in Kolkata, India. Learn more

Source: EWN